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Showing 101 - 110 of 134 results for "Financial product advice"

Ties between product and advice "archaic": FPA

ALICE URIBE  |  FRIDAY, 5 SEP 2014
The Financial Planning Association urged the Financial System Inquiry to review the definition of 'financial product advice' in the Corporations Act and said that the current regime was "detrimental to innovation." In its second submission to inquiry ...

Licensee under ASIC scrutiny after employing AAA advisers

LAURA MILLAN  |  WEDNESDAY, 30 JUL 2014
... (AFS) licenses were cancelled by the regulator in February 2013. ASIC identified numerous instances where financial product advice provided by PGW to clients did not demonstrate a reasonable basis for the recommendations made and compliance with disclosure ...

ASIC concerned about SMSFs, warns spruikers

LAURA MILLAN  |  THURSDAY, 17 JUL 2014
... estate agents and property advisers may not realise that they may be carrying on a business of providing financial product advice and may need an AFS licence." ASIC will also be looking at SMSF seminars and, if it identifies breaches, "regulatory action ...

CBA wants Senate to fix corporate super advice

LAURA MILLAN  |  MONDAY, 12 MAY 2014
... also asked to "limit the ban on conflicted remuneration to life insurance products within super where no financial product advice has been provided, except in relation to MySuper products." The inquiry into the Corporations Amendment (Streamlining of ...

Stakeholders stage FoFA confrontation in Senate submissions

LAURA MILLAN  |  WEDNESDAY, 7 MAY 2014
... 'catch-all' phrase, but expressed its strong opposition to "any possible re-introduction of commissions for financial product advice on superannuation and investment products." The inquiry into the Corporations Amendment (Streamlining of FoFA) Bill 2014 ...

FPA calls for clear separation of general and personal advice

LAURA MILLAN  |  FRIDAY, 4 APR 2014
... difficult for consumers to distinguish personal advice from product sales. "We are concerned that defining financial product advice on this basis makes it more difficult for investors to distinguish personal financial advice from marketing material or ...

ASIC warns consumers about NRAS property ads

MARK SMITH  |  TUESDAY, 22 OCT 2013
... property, or any property for that matter, check that the person you are dealing with is licensed to provide financial product advice by searching ASIC's public register of AFS licensees or authorised representatives," said ASIC. "ASIC is focused on ...

ASIC proposes stricter training requirements for advisers

LAURA MILLAN  |  MONDAY, 24 JUN 2013
... planners. The regulator has released a consultation paper on training standards for planners who provide financial product advice and is open for submissions until September 30, 2013. The consultation paper is an update to RG 146 "Licensing: Training ...

TASA may also affect industry super funds

LAURA MILLAN  |  WEDNESDAY, 19 JUN 2013
... industry super funds too. "Normally, we consider that 'advice' in the financial services industry includes financial product advice, however this goes beyond financial product advice to advice that may not involve financial products," AIST policy and ...

Govt moves to enshrine 'financial adviser' label

ALICE URIBE  |  WEDNESDAY, 20 MAR 2013
... enable consumers to know who to trust with their financial affairs, and build consumer confidence in the financial product advice industry", Mr Shorten said. It will also make it easier for the Australian Securities and Investments Commission to take ...